IFoA IFoA_CAA_M0 Exam Overview:
| Certification Vendor: | Institute and Faculty of Actuaries (IFoA) |
| Exam Name: | Module 0 - Entry Exam |
| Exam Number: | IFoA_CAA_M0 |
| Passing Score: | Approx 55%–65% (variable, set by IFoA) |
| Real Exam Qty: | 50–65 |
| Certificate Validity Period: | Valid for lifetime toward CAA progression |
| Exam Format: | Computer-based, Multiple-choice questions |
| Related Certifications: | IFoA CAA Qualification |
| Exam Duration: | 90 minutes |
| Available Languages: | English |
| Exam Price: | £165–£250 / ~$210–$320 USD (subject to change) |
| Recommended Training: | IFoA CAA Study Resources |
| Exam Registration: | IFoA Official Registration |
| Sample Questions: | IFoA IFoA_CAA_M0 Sample Questions |
| Exam Way: | Online proctored or in-person at authorized test centers |
| Pre Condition: | No mandatory prerequisites; basic mathematics/statistics background recommended |
| Official Syllabus URL: | https://actuaries.org.uk/qualifications/certified-actuarial-analyst/module-0-entry-exam |
IFoA IFoA_CAA_M0 Exam Syllabus Topics:
| Topic | Details |
|---|
| Topic 1 | - Explain the concepts of excesses, deductibles, and retention limits
- Apply the average cost per claim method for estimating outstanding claim amounts
|
| Topic 2 | - Apply the principles of statistical inference to select suitable loss distributions for setsof claims
|
| Topic 3 | - Demonstrate how the basic chain ladder method can be adjusted to make explicitallowance for inflation
|
| Topic 4 | - Derive the moment generating function of the sum of N independent random variables
- Risk models involving fr equency and severity distributions
|
| Topic 5 | - Probabilities and Moments of loss destribution both with and without limits an risk-sharing arrangements
|
| Topic 6 | - Explain relationships between the different probabilities of ruin
- Risk models involving frequency an dseverity distributions
|
| Topic 7 | - Define moments and moment generating functions
- Calculate the adjustment coefficient for a compound Poisson process in simple cases
|
| Topic 8 | - Describe the major simplifying assumptions underlying the models in 2(i)
- Describe the operation of simple forms of proportional and excess of loss reinsurance
|
Reference: https://actuaries.org.uk/qualify/my-exams/certified-actuarial-analyst/
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